Daimler taps Goldman to raise China BAIC shareholdingsources
Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said.
Goldman Sachs raises chances of no-deal Brexit after UK PM’s late reprieve
Goldman Sachs on Friday lowered its expectations of UK Prime Minister Theresa May’s Brexit deal getting ratified, and hiked its estimate of the chances of a “no-deal” exit from the European Union.
EasyJet readies Brexit contingency plan to meet ownership rules
British low-cost airline easyJet said on Friday it was ready to suspend the voting rights of a small number of shares to comply with rules that require 50 percent plus one share of the company to be owned by EU shareholders following Brexit.
Asian shares hold near 6-1/2-month high, fresh Sino-U.S. trade talks awaited
Asian shares held near 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector helped calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy.
Boeing to mandate safety feature in MAX software upgrade: sources
Boeing Co will mandate on MAX jets a previously optional cockpit warning light, which might have warned of problems that possibly played a role in the recent crashes of Ethiopian and Indonesian planes, two officials briefed on the matter said.
Apple’s iPhone struggles unravel ambitions of Japan Display
When Japan Display Inc broke ground on a new factory in central Japan in 2015, the future looked bright for one of the world’s top vendors of liquid crystal display (LCD) panels.
Eisai starts phase 3 trials for second Alzheimer’s drug after first’s failure
Eisai Co Ltd on Friday said it has begun phase 3 clinical trials of Alzheimer’s treatment BAN2401, a day after the Japanese drugmaker and U.S. partner Biogen Inc scrapped trials for another Alzheimer’s drug, aducanumab.
Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote
Hyundai Motor Group companies’ shareholders rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerat…
U.S. corporate breakups could be catalyst to change Dow index
Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies.
UPS eyes in-home health services with U.S. vaccine project
LOUISVILLE, Ky. – United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare.
